27 Main StClinton, CT 06413
- Mixed-use properties
- 4,819 SF
Property Details for 27 Main St
- Year built
- 1948
- Construction
- FRAME
- Lot size
- 0.25 AC
- Property size (Sq ft)
- 4,819 SF
- Zone code
- B-3
- Property type
- Mixed-use properties
- Property subtype
- Other investment properties
- APN
- CLIN M:56 B:60 L:11
- APU
- CLINM56B60L11
Description
This exceptional business opportunity presents a thriving breakfast and lunch restaurant ideally located at 27 E Main Street in the heart of Clinton, CT. Boasting a prime location with high visibility and a substantial daily traffic count of 15,000 vehicles, this well-established restaurant enjoys a strong reputation and loyal customer base. Situated in the downtown area, it benefits from easy access to the train station and proximity to local marinas, beaches, and outlet shopping, attracting a diverse clientele of locals and tourists. The spacious interior comfortably accommodates over 90 patrons, featuring ample indoor and outdoor seating options, including an oversized counter with additional seating. The layout includes a large prep area and storeroom, ensuring efficient operations and ample storage capacity. Convenient parking is readily available for both customers and staff. The restaurant is fully ADA compliant, with accessible bathrooms and facilities, ensuring inclusivity for all. This turnkey operation is offered at $375,000 and sits on a 0.25-acre lot, presenting a rare opportunity to acquire a successful and established business in a vibrant and growing shoreline community. The restaurant's strong performance and prime location make this an attractive investment with significant potential for continued growth and profitability.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $796,725
- 6.5%
- $735,438
- 7%
- $682,907
-
Comparable approach
- Method
- Valuation
- Relative Method
- $629,651
- Geo Method
- $629,651
-
Alternative Use
- Use
- Valuation
- Residential
- $911,943
- Hospitality
- $835,335
- Educational
- $694,989
- Medical
- $718,891
- Retail
- $1,081,094
Location Insight
- City
- Clinton
- County
- Middlesex
- State
- Connecticut
- Latitude
- 41.2787
- Longitude
- -72.5253
- CBSA code
- 25540
- CBSA name
- HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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